Crane (CR) Getting Somewhat Favorable Press Coverage, Study Finds

News stories about Crane (NYSE:CR) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Crane earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the conglomerate an impact score of 45.5065087346285 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

Crane stock opened at $92.80 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.40 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $5,513.00, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.62 and a beta of 1.20. Crane has a 1 year low of $71.23 and a 1 year high of $102.65.



Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. The firm had revenue of $714.20 million for the quarter, compared to analyst estimates of $702.50 million. Crane had a net margin of 6.17% and a return on equity of 20.66%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share. sell-side analysts predict that Crane will post 5.52 earnings per share for the current year.

A number of research analysts recently commented on the stock. Oppenheimer reiterated a “buy” rating and set a $105.00 price objective (up previously from $92.00) on shares of Crane in a research note on Wednesday, January 31st. Canaccord Genuity lowered their price objective on shares of Crane from $100.00 to $99.95 in a research note on Wednesday, January 31st. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America raised their price objective on shares of Crane from $104.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research upgraded shares of Crane from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Crane has an average rating of “Buy” and an average target price of $106.50.

In other Crane news, insider Brendan Curran sold 16,356 shares of Crane stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.87, for a total value of $1,535,337.72. Following the transaction, the insider now owns 27,702 shares in the company, valued at $2,600,386.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Augustus I. Dupont sold 16,396 shares of Crane stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $97.74, for a total transaction of $1,602,545.04. Following the completion of the transaction, the vice president now owns 102,994 shares in the company, valued at approximately $10,066,633.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,861 shares of company stock worth $4,476,647. 3.00% of the stock is currently owned by company insiders.

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About Crane

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Insider Buying and Selling by Quarter for Crane (NYSE:CR)

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